In re J. B. White & Co.

Citations

• 225 F. 796
• 1915 U.S. Dist. LEXIS 1311

Syllabus

<p>Bankruptcy <@=>223—Composition—Compensation op Referee.</p> <p>Under Bankr. Act July 1,1898, c. 541, § 40, 30 Stat. 550 (Comp. St. 1913, § 9824), fixing tlie compensation of the referee in case of a composition at one-half of 1 per cent, of the amount to be paid creditors upon confirmation, where there was a composition, but instead of depositing in court the cash required by the act for costs, fees, etc., the bankrupt corporation filed a petition, which was placed on record, requesting that it be relieved from filing the amount required, it agreeing to pay costs, expenses, fees of petitioners’ counsel and defendant’s counsel, and all other costs as if the monej^were actually in court, stipulating that such costs might be charged as if the money were actually in bank and being distributed by the court itself, an order of the referee fixing his own compensation at one-half of 1 per cent, of the amount to be paid creditors was proper, both as a matter of statutory right and under the stipulation placed on record by the bankrupt.</p> <p>[Ed. Note.—For other cases, see Bankruptcy, Cent. Dig. §§ 888-894;, Dec. Dig. <@=>223.]</p> <p><@^>For other cases see same topic & KEY-NUMBER in all Key-Numbered Digests & Indexes</p>